GERON CORP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
GERN$0.97-2.2%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In thousands) | |||
| Cash flows from operating activities: | |||
| Net loss | $(174,572) | $(184,127) | $(141,901) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 546 | 442 | 288 |
| Accretion and amortization on investments, net | (9,683) | (11,150) | (965) |
| Amortization of debt issuance costs/debt discount | (3,108) | 1,088 | 1,327 |
| Payment on royalty agreement | (2,186) | ||
| Non-cash interest expense on liabilities for sales of future royalties | 5,345 | — | — |
| Loss of extinguishment of debt | 1,707 | — | — |
| Stock-based compensation for services by non-employees | 135 | 828 | 264 |
| Stock-based compensation for employees and directors | 31,185 | 18,526 | 8,001 |
| Amortization of right-of-use assets | 675 | 591 | 580 |
| Increase in allowance for doubtful accounts | (251) | — | — |
| Changes in assets and liabilities: | |||
| Inventory | (37,971) | — | — |
| Accounts receivable, net | (35,695) | — | — |
| Interest and other receivables | (1,198) | 1,490 | (1,381) |
| Prepaid expenses and other assets | (175) | (886) | (2,630) |
| Deposit and other assets | 618 | 692 | (594) |
| Accounts payable | 2,435 | (4,029) | 3,503 |
| Accrued compensation and benefits | 9,049 | 2,224 | 3,435 |
| Accrued liabilities | (4,759) | 7,208 | 3,266 |
| Operating lease liabilities | (715) | (640) | (572) |
| Net cash used in operating activities | (218,618) | (167,743) | (127,379) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (680) | (830) | (431) |
| Purchases of marketable securities | (476,932) | (475,594) | (258,007) |
| Proceeds from maturities of marketable securities | 371,608 | 296,102 | 320,505 |
| Net cash provided by (used in) investing activities | (106,004) | (180,322) | 62,067 |
| Cash flows from financing activities: | |||
| Proceeds from issuances of common stock from equity plans | 32,683 | 13,072 | 2,185 |
| Proceeds from issuance of common stock and warrants in public offering, net of paid issuance costs | 140,729 | 213,337 | 69,916 |
| Proceeds from exercise of warrants | 1,394 | 105,912 | 15,163 |
| Proceeds from sale of future royalties | 125,000 | — | — |
| Proceeds from debt financing, net of paid debt issuance costs and debt discounts | 121,120 | 29,700 | — |
| Repayment of debt | (86,554) | — | — |
| Net cash provided by financing activities | 334,372 | 362,021 | 87,264 |
| Net effect of exchange rates on cash, cash equivalents and restricted cash | (12) | (27) | 22 |
| Net increase in cash, cash equivalents and restricted cash | 9,738 | 13,929 | 21,974 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 71,138 | 57,209 | 35,235 |
| Cash, cash equivalents and restricted cash at the end of the period | $80,876 | $71,138 | $57,209 |
NOTES TO FINANCIAL STATEMENTS
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